Recent Research Analysts’ Ratings Changes for Advanced Micro Devices (AMD)

Advanced Micro Devices (NASDAQ: AMD) has recently received a number of price target changes and ratings updates:

  • 11/29/2017 – Advanced Micro Devices had its price target lowered by analysts at Goldman Sachs Group Inc from $11.40 to $10.40. They now have a “sell” rating on the stock.
  • 11/28/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $17.00 price target on the stock.
  • 11/14/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $18.00 price target on the stock.
  • 11/10/2017 – Advanced Micro Devices was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMD is benefiting from strong graphics processor unit (GPU) sales. This was evident from the fact that third-quarter revenues were the highest since 2011, primarily driven by robust performance of the company’s product portfolio comprising Ryzen, EPYC and Radeon Vega. Moreover, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are expected to drive top-line going forward. Notably, AMD has outperformed the industry it belongs to. However, management’s guidance for a sequential decline in revenues doesn’t bode well for investors in the near term. Moreover, higher costs related to product introductions are likely to impact the company’s near-term profitability. Additionally, increasing competition from the likes of NVIDIA remains a concern. We also believe that the departure of Raja Koduri, chief architect of the Radeon Group, is a near-term headwind for the company.”
  • 11/10/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $11.12 price target on the stock, down previously from $19.00.
  • 10/30/2017 – Advanced Micro Devices was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $11.00 price target on the stock, up previously from $8.00. They wrote, “gradually fade,” and AMD will also see a decline in demand from consoles while graphics will be flattish.For AMD to at the very least match the Street’s estimates for 2018, its microprocessor business needs to grow by 60 percent, or $880 million. As such, this creates a scenario where upside to the current stock price is limited in 2018 and beyond.”To be clear, we admire what the company has accomplished on a fraction of its competitors’ budgets in both microprocessors and graphics,” the analyst said. “Our cautious view is based entirely on the current stock price.”
  • 10/27/2017 – Advanced Micro Devices was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “AMD is benefiting from strong graphics processor unit (GPU) sales. This was evident from the fact that third-quarter revenues were the highest since 2011, primarily driven by robust performance of the company’s product portfolio comprising Ryzen, EPYC and Radeon Vega. Moreover, the company’s collaborations with Baidu, Amazon, Tencent, Microsoft and JD.com are expected to drive top-line going forward. Notably, AMD has underperformed the industry it belongs to. However, management’s guidance for a sequential decline in revenues doesn’t bode well for investors in the near term. Moreover, higher costs related to product introductions are likely to impact the company’s near-term profitability. Additionally, increasing competition from the likes of NVIDIA remains a concern.”
  • 10/25/2017 – Advanced Micro Devices had its price target raised by analysts at Credit Suisse Group from $10.50 to $12.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Advanced Micro Devices had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $13.00 price target on the stock, down previously from $14.00.
  • 10/25/2017 – Advanced Micro Devices had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $19.00 price target on the stock.
  • 10/24/2017 – Advanced Micro Devices was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating.
  • 10/18/2017 – Advanced Micro Devices had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $15.00 price target on the stock.
  • 10/12/2017 – Advanced Micro Devices was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating.
  • 10/4/2017 – Advanced Micro Devices had its price target raised by analysts at Barclays PLC from $9.00 to $10.00. They now have an “underweight” rating on the stock.

Shares of Advanced Micro Devices, Inc. (AMD) opened at $10.89 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $15.65. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 325,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total value of $4,049,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at $25,382,751.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 82,709 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $13.62, for a total transaction of $1,126,496.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,161,264 shares of company stock valued at $14,093,169 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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